Top Places to Buy Bitcoin and Altcoins in 2021
If it had crashed through its all-time high of $ 20,000 in December 2020, many would have been forgiven for waiting with bated breath for a crash. After all, there was a similar meteoric rise in December 2017, followed by an almighty fall. However, Crypto’s flagship hit an even more noticeable ATH over $ 50,000.
Though it has been down since then, BTC prices have mostly stayed above the $ 40,000 mark, which gives investors some confidence that history will not repeat itself. In fact, some speculators still believe that Bitcoin could continue to hit six-digit highs in the coming months.
Hence, it is not surprising that newcomers are taking an interest in crypto again. A survey found that almost a third of respondents in the UK are curious about investing in digital assets but weren’t sure where to start.
If that sounds like you, this list of the top locations to buy Bitcoins and Altcoins in 2021 can help you navigate the minefield of cryptocurrency exchanges.
Crypto.com is possibly one of the hardest working platforms in cryptocurrency with an ecosystem that lets you buy and sell your digital assets, as well as earn, store, spend, and participate in DeFi applications.
If you just want to buy and hold bitcoin or other cryptos, the Crypto.com app is probably the best place to start. You can then simply top up with a credit or debit card or make cryptocurrency deposits within the app. You can also link your bank account for larger payments or recurring transfers.
There are no fees for deposits or crypto-to-crypto transfers, just a fixed fee for withdrawals to external wallets.
However, Crypto.com has a lot to do with your crypto once you buy it. The company operates its own CRO token, which offers several advantages to holders.
These include lower trading fees when you use CRO on the Crypto.com exchange, the ability to earn up to 6% APR on CRO stocks via the earn function, and CRO as cashback when you use the prepaid Visa (NYSE: ) Card provided by the company. The company recently partnered with Booking (NASDAQ :). Com closed to give cardholders a 25% discount on accommodations.
2020 was a challenging year for KuCoin after hackers went public in late September. It turned out to be among the biggest heists in crypto history, but the way KuCoin got through the incident showed exceptional resilience.
In just over a month, the exchange had managed to recover 84% of the stolen assets thanks to a quick response and collaboration with token issuing partners and other exchanges. CEO Johnny Lyu kept a number of regular updates on Twitter to reassure users about the status of their funds.
KuCoin now seems to be in a stronger position than ever before. In early January, the platform broke a cumulative transaction volume of $ 100 billion, claiming that one in four crypto users is trading on its platform.
A key part of KuCoin’s appeal is the multitude of trading pairs it lists – around 450 total in its spot markets – making it an ideal place for exchanging Bitcoin and other altcoins. However, KuCoin users can also use margin to grow their trades, trade futures contracts, and earn income from borrowing crypto.
Nexo is less an exchange than a full-featured crypto bank that offers trading services as well as fiat on- and off-ramping for crypto.
In terms of exchange functions, thanks to Nexo’s integration with other exchange partners, you can access over 75 fiat, cryptocurrency and stablecoin pairs at the best prices. Once you have confirmed your order, the price will be set for the no-slip execution.
As with Crypto.com, one of the great attractions of using Nexo is that it is kind of a one-stop shop for crypto services so you can start putting your coins in for you right away. You can lend your wealth and earn up to 12% annual interest with daily withdrawals, or borrow for just 5.9% annual interest.
The platform operates its own NEXO token, which offers users dividends with a return of up to 30% and participation in a loyalty program with preferential rates for borrowing and saving.
The company has more than 13 years of fintech experience, is ISO compliant, EU regulated and offers a multi-million dollar insurance guarantee on assets under custody. Nexo currently has over a million users in 200 countries and is rated “Excellent” on TrustPilot.
Bybit was launched as a futures trading platform in 2018 to compete with the established market leader BitMEX. It is fair to say that the offer was successful. According to The Block, Bybit significantly outperforms BitMEX in both open interest and trading volume for the flagship perpetual futures contract.
It would be easy to attribute Bybit’s growth to BitMEX, which has lost market share due to its ongoing regulatory issues. However, Bybit has gone to considerable lengths to establish its reputation as one of the most customer-centric crypto futures exchanges out there.
Under the motto “Listen, Care, Improve”, the company has continued to ensure that it offers a range of services and features that are important to its user base. This includes a matching engine with 100,000 transactions per second, a state-of-the-art pricing model and intelligent trading functions such as warnings.
Bybit also runs some of the largest trading competitions in the crypto space. The company, dubbed the “World Series of Trading,” drew 12,500 traders to its event that summer, vying for a huge prize pool of 200 BTC.
AAX aims to address one of the key challenges facing cryptocurrency exchanges – latency and downtime. During times of high volatility in the crypto markets that are common, some of the largest exchanges, including Coinbase and BitMEX, simply crash. Traders are often unable to exit a trade and can suffer significant losses.
AAX overcomes this challenge by using the same technology as that London Stock Exchange Group (LON :), which describes itself as the “institutional platform for everyone”. LSEG technology also powers other exchanges around the world, including the Italian Borsa Italiana and the Singapore Stock Exchange.
Thanks to the state-of-the-art platform, AAX can process up to 100,000 transactions per second without noticeably degrading performance, even when the capacity is almost full.
AAX’s parent company ATOM International Technology is registered in Hong Kong and the AAX exchange is licensed in the Seychelles.
AAX recently significantly expanded its range of supported fiat for rising currencies. As of December, users can now buy and sell all supported assets in US dollars, euros, pounds sterling, Canadian dollars, and Hong Kong dollars.
This article was first published on coinquora.com
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